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Sir, 1. Under NFSA the buffer stock requirement is 60 mt and India's procurment in 2012-13 was 61 mt, so I don't think India has a lot more than what it has to provide under NFSA. Yes the present buffer stocks exceed 80 mt(previous year accumulations) but that's because we haven't had a drought for the past 4 years. Whichever year monsoon gods don't favour us the stockpile is going to go down drastically. So given the fluctuations in output(due to monsoons) we should have the freedom to stockpile at least above 60mt - and this figure would violate WTO AoA rules. 2. In many of our hinterland areas PDS shop is the only provider of grains. Cash transfers and bank accounts won't work properly with illiterate and un-informed poor. 3. We have to provide security to marginal farmers who have no insurance and the FCI is the only agency which would procure their gains as soon as harvested.

Suraj Gupta , India 11/08/2014 18:26:08

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